Bajaj Finance, India’s largest non-bank lender, on November 4 said it recorded a strong festive season performance this year with a 27% jump in the number of consumer loans disbursed and a 29% rise in their overall value compared to the same period last year. The surge in consumption loans, the company said, was driven by the government’s latest round of GST reforms and changes in personal income tax that have improved household purchasing power.

“The rise in consumption credit, represented by loans for consumer goods, reflects the positive outcome of the government’s next generation GST reforms and changes in personal income tax, aimed at increasing consumers’ purchasing power," Bajaj Finance said in a statement.

Between September 22 and October 26, Bajaj Finance disbursed nearly 63 lak

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